Cracks Show In Russian Gaming Zone Plans

With just eighteen months to go before the Russian gaming landscape is redrawn according to President Vladimir Putin’s draconian 2006 federal law, business is booming for Russia’s operators. However, would-be investors are delaying their decisions while faced with growing political uncertainty in the four new casino zones that are planned to host the industry’s next stage. A total ban on gambling in Russia is set to begin on July 1, 2009 and the only exemptions will be the four specially designated zones in the Kaliningrad, Altai, Krasnodar / Rostov, and Primorye regions. So far, for investors considering capital-intensive moves to those areas, information has been scarce.

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